Gold Rush in ChinaBy on 2011 Feb 24 Thu 17:18:08
It is reported that in China, many banks and luxury boutiques in major cities are running out of physical gold as retail customers are rushing in to buy physical gold in large quantity.
Some smaller city gold dealers are forced to go to the major cities to buy at street price to meet the demand of their customers.
Buying 10 kilogram of gold is considered as “casual buyers” in the retail market.
That is something to think about.